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In Pictures: 12 Fastest Growing Economies for 2012

Angola

3. Angola

In the year 2000, the government initiated major economic reforms to restructure Angola’s industrial sector. The IMF and World Bank have in recent years funded strategic reforms to boost the infrastructure and business environment in Angola.

Petroleum and diamonds are the major industries in Angola, contributing to more than 90 percent of the country’s GDP and export volume.

2012 GDP Forecast: $1.32 billion

GDP Growth: 10.496%

Related: Angola Fast Facts

Related: Angola Economic Statistics and Indicators

Related: Angola Economy, Economic Structure, Economic Forecast, Trade Overview and Industry Sectors

Photo Credit: José Aloisio Soares